Ascension Welfare Benefits Trust (EIN 431601369) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

3147338000

Tax Period

2023-01-01 to 2023-12-31

Ascension Welfare Benefits Trust, founded in 1992, is a major nonprofit in the Mutual Benefit sector that reported $215.9M in total revenue in fiscal year 2023.

Mission

TO RECEIVE, HOLD & INVEST CONTRIBUTIONS FOR EMPLOYEE DENTAL, DISABILITY, LIFE, ACCIDENTAL DEATH AND DISMEMBERMENT, VISION, POSTRETIREMENT HEALTH CARE AND EMPLOYEE ASSISTANCE BENEFIT PLANS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,591,518

Investment Income $15,247,677

Other Revenue $45,727

TOTAL REVENUE $215,884,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,443,731

TOTAL EXPENSES $211,402,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,884,922	$203,696,553	+0.1%
Expenses	$211,402,529	$185,137,932	+0.1%
Net Income	$4,482,393	$18,558,621	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	5.0		$73,319	$0	$73,319

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$215,884,922	$211,402,529	$202,728,372	$4,482,393
2022	$203,696,553	$185,137,932	$194,842,513	$18,558,621
2021	$226,788,155	$224,540,121	$210,808,680	$2,248,034
2020	$384,083,869	$358,642,235	$199,083,424	$25,441,634
2019	$324,182,954	$337,390,522	$185,079,173	$-13,207,568
2018	$294,269,096	$315,474,993	$183,183,880	$-21,205,897

Ascension Welfare Benefits Trust